Stories

Mon, 04 May 2026

Mon, 04 May 2026 Samsung family pays off record $8bn inheritance tax bill

The bill is tied to the estate left by the firm's late chairman Lee Kun-hee, who died in October 2020.
Chairman Lee Jae-yong and other family members paid the sum in six installments over five years. The payment is related to the estate of late chairman Lee Kun-hee who left behind a 26 trillion won fortune. Samsung confirmed that the final payment was made on Sunday and noted that the sum is equivalent to one and a half times South Korea's total inheritance tax revenue for 2024. The Lee family has a combined net worth of over $45bn, according to the Bloomberg Billionaires Index.